Hey there,
We’re heading into the final stretch of the year, and cybersecurity funding is on pace to set yet another record. Will we see any late-in-the-game Hail Marys to finish up the year? 🏈
Let’s dive in 💦
Cybersecurity funding news from the week of November 29th, 2021
💰 Summary
14 companies raised $624.1M
5 companies were acquired or had a merger event
🧩 By Category
$310.0M for IoT Security
$120.0M for Security Analytics
$100.0M for Breach & Attack Simulation (BAS)
$56.0M for Software Security
$12.2M for Identity and Access Management
$9.3M for Data Protection
$6.5M for Privacy
$5.0M for Continuous Compliance
$4.0M for Security Awareness
$1.1M for Managed Services Provider (MSP)
An undisclosed amount for Security Operations
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💼 Secure The Job
This section got very little response the past several issues, so I’m experimenting with removing it. I don’t want to crowd up the newsletter with things people don’t find valuable, so let me know if you miss it!
🏢 By Company
Armis Security, an agentless IoT security platform, raised a $300.0M Private Equity.
Panther Labs, a software-defined security analytics platform, raised a $120.0M Series B.
CyCognito, a breach and attack simulation platform, raised a $100.0M Series C.
Cycode, a source code repository detection and response platform, raised a $56.0M Series B.
Karamba Security, an IoT and connected device security company, raised a $10.0M Series B.
Strivacity, a no-code customer identity and access management platform, raised a $9.3M Series A.
SpeQtral, a quantum encryption security company, raised a $8.3M Venture Round.
Soveren, a data privacy management company, raised a $6.5M Seed.
Trustpage, a platform that lets companies share the maturity of their security programs, raised a $5.0M Seed.
CultureAI, a personalized security awareness platform, raised a $4.0M Seed.
Device Authority, an Identity and Access Management (IAM) platform for the Internet of Things (IoT) and Blockchain, raised a $2.9M Venture Round.
MetCloud, a cloud-focused Managed Services Provider (MSP) company, raised a $1.1M Venture Round.
Parablu, a secure data management company with a focus on data privacy, raised a $1.0M Seed.
ReliaQuest, a SOC-as-a-Service company, raised an undisclosed Private Equity round.
🤝 Mergers & Acquisitions
SXiQ, a professional services company specializing in cloud and network security, was acquired by IBM.
Unlimited Technology, a security investigations company, was acquired by Lee Equity Partners.
Argon Security, a DevOps security company, was acquired by Aqua Security.
Unbound Security, a company providing protection for cryptographic keys and credentials, was acquired by Coinbase.
OPTIMUM NETWORKING, a professional services company specializing in cloud and network security, was acquired by Meriplex.
📚 Great Reads & Finds
The Joy of Cryptography - H/T to @michaelrudden for finding this one - A free undergraduate textbook that introduces students to the fundamentals of provable security.
The InfoSec VC list - A list of the top Venture Capital firms investing in InfoSec startups across all stages. Use this list to find VC firms for your startup.
The Social Media State of Cybersecurity Education in 2021 - I asked the Internet how they felt about cybersecurity degrees it today's world. I thought I already knew the answer and it turned out I was wrong.